Nazarbayev encourages Polish businesspersons to invest in Kazakhstan

ASTANA – Kazakh President Nursultan Nazarbayev during a Sept. 6 Kazakh-Polish business forum in Astana encouraged Polish business persons to invest in Kazakhstan.76b82fa53f5f4e38a6376a4a6b0afc58

“We are interested in further development of our economic relations. Today, Kazakhstan reflects a new opportunity and great potential for profitable business. We have done everything to make business people feel at home,” said Nazarbayev.

The Kazakh head of state recalled the existing benefits for foreign investors.

“We have the Foreign Investors’ Council under the President. We have a visa-free regime with the citizens of 61 countries. The projects can involve foreign labour without quotas and permits. Ten special economic zones and 20 industrial zones are operating in the country. Their members are provided with the necessary infrastructure and preferences. The procedure for obtaining licenses, concluding subsoil use contracts is simplified. The income tax is 10 percent, corporate tax is 7.2 percent, as VAT is 12 percent. I think these are the best conditions,” the President emphasised.

Nazarbayev suggested Polish businesspersons invest in Kazakhstan and noted that 115 enterprises with the participation of Polish companies are already operating in the country.

“You have a wide opportunity to take part in new projects: oil and gas, metallurgy, energy and transport. In addition, there is the potential to participate in the public-private partnership, in healthcare, housing and communal services and road construction,” Nazarbayev said.

Speaking at the business forum as well, President of Poland Andrzej Duda said Polish businesses want to expand investment in Kazakhstan.

“We are very interested in expanding the presence of Polish companies in this market. We also invite Kazakh entrepreneurs to work in Poland. Polish enterprises can offer their Kazakh partners highly attractive technologies that can be used in the development of the Kazakh economy,” Duda said.